Sona Asset Management US LLC bought a new position in Aldel Financial II Inc. (NASDAQ:ALDF – Free Report) in the first quarter, HoldingsChannel.com reports. The fund bought 55,971 shares of the company’s stock, valued at approximately $591,000.
Other large investors also recently modified their holdings of the company. Radcliffe Capital Management L.P. grew its stake in shares of Aldel Financial II by 11.6% during the fourth quarter. Radcliffe Capital Management L.P. now owns 370,459 shares of the company’s stock valued at $3,886,000 after purchasing an additional 38,427 shares during the last quarter. Berkley W R Corp raised its position in Aldel Financial II by 11.7% in the 1st quarter. Berkley W R Corp now owns 474,710 shares of the company’s stock worth $5,013,000 after purchasing an additional 49,710 shares during the last quarter. Meteora Capital LLC raised its position in Aldel Financial II by 11.2% in the 4th quarter. Meteora Capital LLC now owns 777,447 shares of the company’s stock worth $8,155,000 after purchasing an additional 78,297 shares during the last quarter. Verition Fund Management LLC lifted its holdings in Aldel Financial II by 89.3% during the 4th quarter. Verition Fund Management LLC now owns 174,890 shares of the company’s stock worth $1,838,000 after buying an additional 82,491 shares in the last quarter. Finally, L1 Global Manager Pty Ltd acquired a new position in Aldel Financial II during the 4th quarter worth $1,678,000.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised Aldel Financial II from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Aldel Financial II Price Performance
ALDF opened at $10.74 on Monday. The business’s 50 day simple moving average is $10.69. Aldel Financial II Inc. has a fifty-two week low of $10.30 and a fifty-two week high of $10.74.
Aldel Financial II (NASDAQ:ALDF – Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $0.06 earnings per share (EPS) for the quarter.
Aldel Financial II Profile
We are a blank check company incorporated on July 15, 2024 as a Cayman Islands exempted company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target, and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.
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